Cambodian businesses are preparing to take part in the 40th Trade Expo Indonesia (TEI) 2025, following an information session organized by the Indonesian Embassy in Phnom Penh on Friday. Held ahead of the Expo’s October 15 opening at the Indonesia Convention Exhibition in BSD City, the information session drew strong interest from local entrepreneurs to grow their business networks and explore potential collaborations with Indonesian partners. The expo, organized by the Indonesian Ministry of Trade, is the country’s leading exhibition for both business-to-business (B2B) and business-to-consumer (B2C) engagement. “Spanning three main sectors—Food, Beverages, and Agriculture Products; Manufactured Products; and Services…

The European Union could speed up its withdrawal from Russian natural gas and completely stop imports within six to twelve months by substituting it with U.S. liquefied natural gas (LNG), U.S. Energy Secretary Chris Wright stated on Friday following discussions with EU officials in Brussels the previous day, Reuters reported. “I think this could easily be done within 12 months, maybe within six months,” Wright told Reuters, adding that “we could do it faster.” The European Union aims to eliminate all Russian gas imports by the end of 2027, as outlined in a strategy introduced in May to reduce reliance…

The U.S. Treasury has called on its G7 and EU allies to impose tariffs as high as 100% on imports from India and China in response to their continued purchases of Russian oil. The move is intended to intensify pressure on Moscow and push it toward peace negotiations with Ukraine. In a call with G7 finance ministers on Friday, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer urged allies to align with Washington’s tariff actions, emphasizing that a coordinated effort to curb Russia’s energy income is essential to ending the war. The discussion, chaired by Canadian Finance Minister…

A senior U.S. trade delegation will arrive in Dhaka on Sunday for a two-day mission aimed at negotiating a further reduction in tariffs on Bangladeshi exports to the U.S., which are currently set at 20%. The delegation, headed by Brendan Lynch, Assistant U.S. Trade Representative (USTR) for South and Central Asia, will engage in a series of meetings with senior Bangladeshi officials to finalize a draft trade agreement and advance negotiations. The U.S. team’s visit follows two trips by the Bangladeshi delegation to the United States, with the goal of resuming discussions. The talks will focus on reducing the existing…

Indonesian Trade Minister Budi Santoso stated that the Ministry of Trade is ready to issue import approval for Apple’s newest device, the iPhone 17. Budi Santoso said that the Ministry of Trade will promptly process the approval if the tech company fulfills all the requirements. “As long as it complies with the procedure, we will process it,” Budi Santoso said on Friday. The approval follows Apple’s application to the Industry Ministry for domestic content certification, a prerequisite under Indonesia’s local content regulations. After receiving the certification, Apple must also obtain distribution clearance from the Ministry of Communication and Digital Affairs,…

Vienna, Austria, will substantially increase its tourist tax on overnight stays starting December 1, aligning with the start of the Christmas season. The rate will rise from 3.2% to 8.5% of the nightly room cost, potentially resulting in more than double the charges for guests. For a standard room priced at €200 per night, the tourist tax will rise from approximately €6.40 to about €17. The city anticipates that this change will bring extra revenue of €81 million (R1.6 billion) each year. Vienna’s Finance City Councillor, Barbara Novak, cited escalating expenses tied to the city’s infrastructure and public services as…

The European Union has approved 102 additional Indian fishery units to export marine products to its member states, according to a statement from the Marine Products Export Development Authority of India (MPEDA) on Thursday. MPEDA views the move as a major milestone that could strengthen India’s seafood presence in European markets while also mitigating the effects of U.S.-imposed tariffs. “With this, the number of EU-approved Indian seafood export units has increased to 604, marking an enormous step forward in enhancing India’s presence in the highly lucrative European seafood market,” MPEDA said. MPEDA credits the achievement to the sustained efforts of…

A delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is on a four-day trade visit to the Netherlands to enhance bilateral trade relations and promote cooperation in circular textile initiatives. Held from September 8 to 11 at the invitation of the Embassy of the Kingdom of the Netherlands, the visit is part of the ‘Circular Textile Trade Mission’ jointly coordinated by the Netherlands Enterprise Agency (RVO), the Dutch Embassy in Dhaka, and BGMEA. The initiative aims to close technological gaps and build strategic alliances that support the shift toward a more sustainable and circular textile industry. The delegation…

Bangladesh’s National Board of Revenue (NBR) has relaxed regulations to speed up the clearance of industrial raw materials and other goods imported duty-free under bonded warehouse licenses. In an order issued on Tuesday, the NBR directed customs officials not to delay imports of raw materials under bonded warehouse facilities over discrepancies in Harmonized System (HS) codes or product descriptions. Mismatches between HS codes or descriptions in bond licenses, utilization declarations (UDs), or import declarations often cause customs clearance delays. License holders frequently face holdups when the HS code or product description on the license differs from what customs officials find…

The Mexican government presented a budget proposal on Tuesday that includes new import tariffs on over 1,400 goods, the majority of which originate from Asian countries, in an effort to boost domestic production, as reported by the Associated Press. The move comes as the United States urges its North American ally to adopt a more unified stance against China. Mexico’s Secretary of Finance and Public Credit Édgar Amador did not directly cite China but stated that the 2026 budget proposal would target nations lacking a trade agreement with Mexico. He emphasized that the tariffs would comply with World Trade Organization…